Future Market Insights has announced the addition of the “Asia Pacific Chemical Sensors Market: Global Industry Analysis and Opportunity Assessment 2015-2025" report to their offering.
The significance of chemical sensors as a crucial industrial component has elevated owing to rising environmental risks. The increasing amount of pollutants released into the air have necessitated the demand for chemical sensors. Advantageous applicability of sensors in the analysing chemical composition of varied samples is influencing adoption of chemical sensors. Higher order orthogonal sensors and chemical sensing array are key trends that are shaping up the global market. Low cost and portable nature of chemical sensors is also expected to fuel the growth of chemical sensors market during the forecast period.
Besides environmental benefits, the use of chemical sensors to quantify analytes in chemical industrial processes is also witnessing an increase. Research labs, industrial processes & defence sector, and healthcare operation are using chemical sensors as advanced tools, which in turn, is driving the demand in the global chemical sensors market.
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Asia Pacific: A Key Region in the Global Chemical Sensors Market
North America and Europe are the leading regions in terms of overall demand for chemical sensors. Adoption of chemical sensors is expected to grow rapidly in APAC over the forecast period. The APAC chemical sensors market is likely to emerge as the fastest growing market with a double-digit CAGR over the forecast period 2015-2025.
The concerning pollution levels in China, India and other APAC countries is also driving the demand for chemical sensors. Low prices, flexible applications and speedy technological implementations are fuelling the demand for chemical sensors in the APAC market. The APAC chemical sensors market forecast seems promising, owing to the rising usage of chemical sensors in industrial safety operations and environmental monitoring programs.
Factors Expected to Shape the Market During the Forecast Period
In APAC, chemical sensors can be termed as ideal components, having analytical functions, which can help prevent the unwanted output of several processes and monitor the health of the atmosphere. The factors impelling the onward growth of APAC market for chemical sensors include,
Growing usage of chemical sensors in indoor monitoring and homeland security applications.
Pervasive usage in the pharmaceutical, chemical, defence, security, food, biomedical, and clinical processes.
Integrations of chemical sponsors in electronics, computers, processing tools and novel designs of upcoming industrial machines.
The manifestation of advanced technology for the production of cost-effective, miniaturised and portable chemical sensors, capable of continuous and static measurements in the remote environment, is a latent growth factor in the APAC chemical sensors market.
On the other hand, the growth of chemical sensors market in APAC region is facing challenges that are derived from the resulting output of the use of chemical sensors. The three most crucial restraints of chemical sensors market include,
Chemical sensors are selective in nature. For example, biochemical sensors can be applied only in biochemical process, and their use in other processes can deliver inefficient output.
Upon continuous exposure to haphazard materials and chemicals, the sensitivity of the sensors will degrade. This will result in the persisting replacement of chemical sensors, and create a despise environment for the end-users.
The design of any chemical sensor makes it unidirectional. However, the reversible chemical reactions occurring in an industrial process may alter the monitoring function and thereby, regard the chemical sensors as useless.
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Chemical sensors are integral components of products designed to analyse the chemical composition of a sample in an industry with the help of a particular technology. Hence, the global market for chemical sensors can be segmented on the basis of,
Product (Particulate Type)
The key companies shaping up the competitive landscape of the global chemical sensors market, including APAC region, are Abbot Laboratories, Nova Biochemical Corp., Denso Corp., Hoffmann-La Roche, NGK Spark Plug Company, Emerson Process Management, among others.
In 2015, the leading multinational sensor and semiconductor manufacturer, Austria Mikro Systeme (commonly known asams AG) acquired the CMOS sensors from NXP Semiconductors as a strategic measure to expand their existing environmental sensor technologies. Mergers as such illustrate the expansion of the global chemical sensors market size.
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